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Tuesday, July 24, 2012

Business Today: Index futures edge lower as Europe weighs

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07/24/2012
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Index futures edge lower as Europe weighs
NEW YORK (Reuters) - Stock index futures edged lower on Tuesday as traders remained focused on high bond yields in Spain and as a cautious outlook from tech bellwether Texas Instruments weighed on sentiment.
AT&T posts higher-than-expected quarterly earnings
(Reuters) - AT&T Inc reported a higher-than-expected quarterly profit due to strength in its wireless business, sending its shares up 1 percent.
Exclusive: Deutsche Bank's own Libor probe clears board - sources
FRANKFURT (Reuters) - A Deutsche Bank internal probe has found that two of its former traders may have been involved in colluding to manipulate global benchmark interest rates but there was no indication of failure at the top of the organization, three people close to the investigation said.
DuPont cautious on 2012, Q2 net profit falls
(Reuters) - DuPont and Co , which makes hybrid seeds, a critical pigment for paint and Kevlar bulletproof fiber, now expects 2012 profit to be at the low end of its forecast, due in part to economic uncertainty circling the globe.
UPS misses estimates, cuts 2012 outlook
(Reuters) - United Parcel Service reported higher quarterly results that missed forecasts and the world's largest package delivery company cut its 2012 outlook, citing uncertain global economic conditions.
Relentless market pressure pushes Spain closer to bailout
MADRID (Reuters) - Spain paid the second highest yield on short-term debt since the birth of the euro at an auction on Tuesday, reflecting a growing belief that the country will need a full sovereign bailout that the euro zone can barely afford.
Greek recession seen deeper than 7 percent this year: PM
ATHENS (Reuters) - Greece's recession may be deeper than 7 percent this year, Prime Minister Antonis Samaras said on Tuesday, estimating that the country would not return to growth before 2014.
Wal-Mart opposes proposed settlement on credit card fees
NEW YORK (Reuters) - Wal-Mart Stores Inc , the world's largest retailer, on Tuesday joined the growing chorus of merchants opposed to a proposed settlement with Visa Inc. and MasterCard Inc over credit card fees.
Michigan lawmakers call for action in Chesapeake-Encana probe
(Reuters) - Two Michigan state representatives have called on officials there to step up their investigations into possible collusion between Chesapeake Energy Corp and Encana Corp, following a Reuters report that the energy rivals plotted to avoid bidding against each other in Michigan land deals.
Rogers adjusted profit up, helped by wireless margins
(Reuters) - Rogers Communications Inc , Canada's largest mobile phone company, reported higher adjusted earnings on Tuesday as profit margins in its cellular phone business even as competition picked up.
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